Champagne appointment
20 July 2010 New York
Image: Shutterstock
The Federal Reserve Bank of New York announced today that Lee C. Bollinger has been designated chairman of the New York Fed's board of directors by the Board of Governors of the Federal Reserve System for 2011. Mr. Bollinger is president of Columbia University and has served as a Class C director since January 2007. He has served as deputy chairman since August 2009.
The Board of Governors of the Federal Reserve System has designated Kathryn S. Wylde, president and chief executive officer of the Partnership for New York City, deputy chairman of the New York Fed's board of directors for 2011. Wylde was also reappointed as a Class C director for a three-year term that begins January 1, 2011. Wylde has served as a Class C director since July 2009.
The New York Fed's board of directors consists of nine members, three of whom are appointed by the Board of Governors of the Federal Reserve System as Class C directors. The remaining six (three Class A and three Class B directors) are elected by member banks in the Second Federal Reserve District. Class A directors are drawn from the banking community. Class B and C directors are individuals chosen from professions outside the banking community and typically represent business, industry, agriculture, labor and consumers.
The Board of Governors of the Federal Reserve System has designated Kathryn S. Wylde, president and chief executive officer of the Partnership for New York City, deputy chairman of the New York Fed's board of directors for 2011. Wylde was also reappointed as a Class C director for a three-year term that begins January 1, 2011. Wylde has served as a Class C director since July 2009.
The New York Fed's board of directors consists of nine members, three of whom are appointed by the Board of Governors of the Federal Reserve System as Class C directors. The remaining six (three Class A and three Class B directors) are elected by member banks in the Second Federal Reserve District. Class A directors are drawn from the banking community. Class B and C directors are individuals chosen from professions outside the banking community and typically represent business, industry, agriculture, labor and consumers.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
